The IRS has announced the 2022 cost-of-living adjustments for health savings accounts (HSAs) and high-deductible health plans (HDHPs) – HSA Contribution Limits – the 2022 annual HSA contribution limit is $3,650 for individuals with self-only HDHP coverage (up from $3,600 in 2021), and $7,300 for individuals with family HDHP coverage […]
Labor & Employment Law Update
Ready or Not, Cybersecurity Guidance for Employee Benefit Plans is Here
on Thursday, 27 May 2021 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
The U.S. Department of Labor recently issued formal cybersecurity guidance for employee benefit plans. The guidance applies to plan sponsors, plan fiduciaries, record keepers, and plan participants and includes various tips and best practices for protecting retirement plan assets. The DOL’s guidance includes: Tips for Hiring a Service Provider, which […]
Have You Been Using E-Verify for More than 10 Years?
on Thursday, 27 May 2021 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
On January 1, 2016, the E-Verify Program began annually deleting transaction records that are more than 10 years old from the system at the end of the calendar year. This means that employers lose access through the system to any cases created prior to December 31st of each year that […]
The DOL Plans to Rescind Rules Affecting Independent Contractor and Joint Employer Status—What Does This Mean for Employers?
on Tuesday, 20 April 2021 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
On March 11, 2021, the Department of Labor (DOL) announced plans to rescind two final rules that had been published under the Trump administration. The Independent Contractor Final Rule, issued by the DOL in the eleventh-hour before President Trump left office, was an employer-friendly rule that used a new “economic […]
EEO-1 Collection to Open April 26, 2021
on Tuesday, 20 April 2021 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
The EEOC recently announced that the 2019 and 2020 EEO-1 Component 1 Data Collection will open on April 26, 2021. If you recall, the 2019 EEO-1 Component 1 Report was delayed last year because of the COVID-19 public health emergency. For this reason, employers will be required to submit both […]
